Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course provides an in-depth review of the accounting for impairment and the writedown of assets on the Balance Sheet.
This course provides participants with an in-depth review of the accounting for impairment and the writedown of assets on the Balance Sheet. The method of accounting for impairment and writedown depends on the type of asset. Impairment guidance and the need for a writedown of an asset is provided in a number of Handbook sections. The accounting for impairment, writedown and impairment reversals (where applicable) will be discussed for inventory, agricultural inventories and productive biological assets, financial assets, investments, lease receivables, property, plant and equipment, intangible assets and goodwill.
Participants will have the opportunity to review a number of examples and exercises. After attending this course, participants will have reviewed the accounting for impairment, write down and impairment reversals (where applicable) for assets on the Balance Sheet.
Topics Include
- Introduction to impairment and writedown of assets
- Overview of applicable standards for impairment of assets
- Accounting for impairment, writedown and impairment reversals (where applicable) of:
- Inventory
- Agricultural inventories and productive biological assets
- Financial assets
- Investments
- Lease receivables
- Property, plant and equipment
- Intangibles assets and goodwill
- Presentation and disclosure requirements
- Relevant resources
Unlock learning anytime, anywhere with the Blackboard Learn app
Seamlessly access your on demand courses, assignments, and get PD hours on the go. Learn how to download now and elevate your education experience with the convenience of mobile learning.
Key Takeaways
Upon completing this course, you be able to:
- Identify the appropriate guidance for impairment and writedown for assets.
- Explain the accounting for impairment, writedown of assets and impairment reversals (where applicable) on Balance Sheet.
- Explain the presentation and disclosure requirements.
- List relevant resources (with links).
Who Will Benefit
CPAs interested in understanding the accounting for impairment and writedown of assets on the Balance Sheet including practitioners, financial analysts, and controllers responsible for accounting.
How to Access the Course
This is an online session. This course is available 24 hours a day, 7 days a week. Once registered, you can access the material at any time.
However, you will only have access to the course for 90 days after REGISTRATION.
New mobile learning! Download Blackboard Learn from your app store (iOS or Android). Learn more.
To access the course on your computer please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Speaker(s)
Elizabeth J. Farrell, FCPA, FCA, is an Adjunct Professor at the Schulich School of Business. In recognition of her excellence in teaching she was selected as the winner of the Seymour Schulich Award for Teaching Excellence in 1999, 2003 and 2009 and nominated for the award in 2004, 2005, 2006, 2011 and 2015. She was selected as the winner of the John Peace Teaching Award in 2002 and 2012. Elizabeth served as assistant coordinator at CPA Ontario's School of Accountancy. She has taught executive development courses for the Schulich School of Business, professional development courses for CPA Ontario and firms. Elizabeth is a co-author of Intermediate Financial Accounting.